15th September 2003

MARKET ANNOUNCEMENT
HGL GROUP SELECTIVE SHARE BUY-BACK COMPLETED

We refer to our announcement of 8 September 2003 and advise that completion of the share buy-back from HGL Group Pty Ltd (“HGL Group”) took place today.


HGL Group received the sum of approximately $5.9 million (after expenses) in return for the cancellation of its 3,306,369 shares in Lemarne Corporation Limited.


For further details please see Appendix 3F - (Pdf document - 330k)


S.L. MASON
Company Secretary

15 September, 2003

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